First Trust Advisors LP Announces Portfolio Manager Update for First Trust Enhanced Equity Income Fund
WHEATON, Illinois – (COMMERCIAL THREAD) – First Trust Advisors LP (âFTAâ) today announced that Chartwell Investment Partners LLC (âChartwellâ), investment sub-advisor of First Trust Enhanced Equity Income Fund (NYSE: FFA) (the âFundâ) ), will publish an update on the market and the Fund for financial professionals and investors. The update will be available Tuesday, September 21, 2021 at 5:00 p.m. Eastern time until 11:59 p.m. Eastern time on Thursday, October 21, 2021. To listen to the update, follow these instructions:
Dial: 888-203-1112; International 719-457-0820; and access code # 7195185. The update will be available from Tuesday, September 21, 2021 at 5:00 p.m. EST until 11:59 p.m. EST on Thursday, October 21, 2021.
The Fund is a diversified closed-end management investment company that seeks to provide a high level of income and current earnings and, to a lesser extent, capital appreciation. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of equity securities.
FTA is a federally registered investment advisor and acts as the investment advisor to the Fund. FTA and its affiliate First Trust Portfolios LP (âFTPâ), a brokerage registered with FINRA, are private companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $ 213 billion as of August 31, 2021 through mutual funds, exchange-traded funds, closed-end funds, mutual funds and managed accounts distinct. FTA is the supervisor of the First Trust mutual funds, while FTP is the sponsor. FTP is also a distributor of UCITS units and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.
Chartwell acts as the Fund’s investment sub-advisor and is an investment firm focused on relationships with institutional clients, sub-advisers and private clients. The company is a research-driven equity and fixed income manager with a disciplined and team-oriented investment process. As of August 31, 2021, Chartwell had approximately $ 11.6 billion in assets under management.
Past performance is no guarantee of future results. Investment returns and the market value of an investment in the Fund fluctuate. Stocks, when sold, may be worth more or less than their original cost. There can be no assurance that the Fund’s investment objectives will be achieved. The Fund may not be suitable for all investors.
Main risk factors: The securities held by a fund, as well as the shares of a fund itself, are subject to market fluctuations caused by factors such as general economic conditions, political events, regulatory or market developments. market, changes in interest rates and perceived trends in securities prices. The shares of a fund could lose value or underperform other investments because of the risk of loss associated with these market movements. In addition, local, regional or global events such as war, acts of terrorism, the spread of infectious diseases or other public health issues, recessions or other events could have a significant negative impact on a person. funds and its investments. Such events can affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of respiratory disease known as COVID-19 in December 2019 caused significant volatility and declines in global financial markets, causing losses for investors. While vaccine development has slowed the spread of the virus and allowed the resumption of “reasonably” normal business activity in the United States, many countries continue to impose lockdowns in an attempt to slow the spread. In addition, there is no guarantee that the vaccines will be effective against emerging variants of the disease.
Shares of closed-end investment companies such as the Fund frequently trade at a discount to their net asset value. The Fund cannot predict whether its common shares will trade at, below or above NAV.
The Fund may sell (sell) covered call options on all or a portion of the equity securities held in the Fund portfolio. The use of options may force the Fund to sell portfolio securities at inappropriate times or at prices other than current market values, may limit the amount of appreciation that the Fund can achieve on an investment, or may cause the Fund to hold an equity security that it could otherwise sell.
The premiums resulting from the writing (writing) of call options and from dividend and interest payments made by the securities in the Fund’s portfolio can vary considerably over time.
An adverse event affecting an issuer of equity securities, such as an adverse earnings report, may decrease the value of a particular equity security held by the Fund. In addition, the prices of equity securities are sensitive to general movements in the stock market and a decline in the stock market may depress the prices of the equity securities to which the Fund is exposed. There can be no assurance that the issuers of equity securities in which the Fund invests will declare dividends in the future or that if declared, they will remain at current levels. There can be no assurance that the portion of distributions paid to holders of Common Shares of the Fund will consist of tax-advantaged eligible dividend income.
Investment in non-US securities is subject to the risk of currency fluctuations and to the economic and political risks associated with such foreign countries.
The Fund may not invest 25% or more of its total assets in securities of issuers from a single sector. If the Fund focuses on one sector, it may present more risk than if it were broadly diversified across many sectors of the economy.
The risks associated with investing in the Fund are described in the prospectus, reports to shareholders and other regulatory documents.
The information presented is not intended to constitute an investment recommendation or advice to any particular person. By providing this information, First Trust does not undertake to give advice in a fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for independently assessing investment risks and exercising independent judgment in determining whether investments are appropriate for their clients.
The Fund’s daily closing price on the New York Stock Exchange and net asset value per share and other information are available at www.ftportfolios.com or by calling 1-800-988-5891.